For more information regarding degree requirements and resolutions
for this course in the current year, students should refer to the appropriate Business School Handbook on the University of Sydney Handbooks page:

The Master of Professional Accounting (16 unit program) is a two-year program of full time study (or four years part-time) designed to enable graduates with a recognised bachelor's qualification, graduate certificate or graduate diploma in any field, and at a standard acceptable to the University of Sydney Business School, the opportunity to develop the knowledge and skills required for Associate Membership of professional accountancy bodies and as a foundation for a successful and rewarding career in professional accountancy. The foundation of the program exposes students to the broad organisational, regulatory and market context in which accountants operate. Building upon these foundations, students pursue advanced learning in accounting within the contexts of both professional practice and the theoretical paradigms that underpin such practice. The program reinforces technical excellence in these fields within a framework that emphases core professional competencies in critical thinking, problem-solving and strategic decision-making, professional communication and persuasion, information systems applications and management and ethical awareness and reasoning. While designed specifically for those from a non-business degree background, the program is also open to those with a prior bachelor's qualification or higher in a business-related field.

Students who have completed a Business School Master’s degree are eligible to pursue the Master of Commerce at a reduced duration of one year (normally two years full-time). See Master of Commerce for further information.

* Please Note: Students who commenced study in this degree before 2014 can choose to follow the requirements of the year they commenced study and complete 13 core units and three elective units (the capstone unit is not required to be completed).

* All students commencing study in this program from 2014, including transfer students, must complete the capstone unit. Students who commenced study prior to 2014 are not required to complete the capstone unit and complete an additional elective unit (three elective units in total).

^ Students who achieve a WAM of 65%+ in a minimum of eight units of study (48 credit points) in their Master's degree may apply for an assessable work integrated learning unit.

+ Students who achieve a WAM of 65%+ in a minimum of four units of study (24 credit points) may apply for the Deloitte FASTRACK Innovation Challenge.

Deloitte FASTRACK Innovation Challenge

Students who achieve a WAM of 65%+ in a minimum of eight units of study (48 credit points) may apply for the Deloitte FASTRACK Innovation Challenge (BUSS6505 - six credit points). A global recognised innovation program, the Deloitte FASTRACK Innovation Challenge is designed to give outstanding business and management students practical experience in business innovation. For further information, see sydney.edu.au/business/study/opportunities/deloitte_fastrack.

Recognition of Prior Learning (RPL)

The Business School recognises the importance of prior learning and industry experience. If you hold a prior qualification or have industry experience of at least 3 years in duration, you could be eligible for recognition of prior learning in your Master of Professional Accounting degree.

Progression guides

The following table illustrates a suggested full-time learning sequence for the 16 unit Master of Professional Accounting program (commencing from Semester 2).

YEAR

SESSION

UNITS OF STUDY

CREDIT POINTS

Year 1

Semester 1

BUSS5000

ACCT5001

QBUS5002

CLAW5001

24

Semester 2

ACCT6001

ACCT5002

INFS5000

BUSS5001

24

Year 2

Semester 1

ACCT6010

CLAW6002

FINC5001

elective

24

Semester 2

ACCT6007

CLAW6026

ACCT6120 (capstone)

elective

24

96

Please Note: The information listed in these programs of study examples are meant as a guide only. Students should always check the requirements for individual units of study. Students are advised to plan their degree based upon their individual needs and to contact the Student Information Office if they need any assistance in planning their progression in their degree.

Professional accreditation in accounting

For students seeking associate membership of CPA Australia or CAANZ, completion of the core units of the16 unit Master of Professional Accounting satisfies the requirements of both CAA and CPA Australia for accreditation under the direct program pathway.

The foundation core knowledge areas that are required by the two main professional accounting bodies in Australia are as follows:

Required knowledge area

Subject code

Subject's name

Accounting information systems

INFS5000

Accounting Information Systems

Accounting systems and processes

ACCT5001

Accounting Principles

Accounting theory

ACCT6001

Intermediate Financial Reporting

Audit and assurance

ACCT6007

Contemporary Issues in Auditing

Commercial law

CLAW5001

Legal Environment of Business

Corporations law

CLAW6002

Corporate Structures in Practice

Economics

BUSS5001

Firms, Markets and Business Management

Finance

FINC5001

Capital Markets and Corporate Finance

Financial accounting

ACCT6010

Advanced Financial Reporting

Management accounting

ACCT5002

Management Accounting and Decision Making

Quantitative methods

QBUS5002

Quantitative Methods for Accounting

Taxation

CLAW6026

Taxation Law and Practice

For further information regarding accreditation with these professional accounting bodies, please refer to the accredited course information on their respective websites:

(2) Association of Chartered Certified Accountants (ACCA)

The ACCA will allow four foundation unit exam exemptions for students who have completed the Master of Professional Accounting. In addition, students who complete certain accredited units of study may be eligible for up to a further five specific exam exemptions. For further information regarding ACCA's exam exemptions, please visit the ACCA's website.